Investment Management of Virginia LLC Buys Shares of 18,984 Oracle Co. (NYSE:ORCL)

Investment Management of Virginia LLC acquired a new position in shares of Oracle Co. (NYSE:ORCL) during the 2nd quarter, according to its most recent filing with the SEC. The institutional investor acquired 18,984 shares of the enterprise software provider’s stock, valued at approximately $1,478,000.

Several other hedge funds also recently made changes to their positions in ORCL. Auxano Advisors LLC lifted its stake in Oracle by 1.7% in the second quarter. Auxano Advisors LLC now owns 6,859 shares of the enterprise software provider’s stock valued at $534,000 after buying an additional 114 shares during the last quarter. Bingham Osborn & Scarborough LLC lifted its stake in Oracle by 1.7% in the second quarter. Bingham Osborn & Scarborough LLC now owns 7,099 shares of the enterprise software provider’s stock valued at $553,000 after buying an additional 116 shares during the last quarter. Wrapmanager Inc. lifted its stake in Oracle by 3.5% in the second quarter. Wrapmanager Inc. now owns 3,741 shares of the enterprise software provider’s stock valued at $291,000 after buying an additional 128 shares during the last quarter. Icon Wealth Partners LLC lifted its stake in Oracle by 0.9% in the second quarter. Icon Wealth Partners LLC now owns 16,045 shares of the enterprise software provider’s stock valued at $1,249,000 after buying an additional 139 shares during the last quarter. Finally, McIlrath & Eck LLC lifted its stake in Oracle by 4.5% in the first quarter. McIlrath & Eck LLC now owns 3,266 shares of the enterprise software provider’s stock valued at $229,000 after buying an additional 140 shares during the last quarter. Institutional investors and hedge funds own 44.47% of the company’s stock.

A number of equities research analysts have issued reports on the company. Cowen reiterated a “buy” rating and issued a $93.00 target price on shares of Oracle in a research note on Friday, September 10th. Morgan Stanley lifted their price objective on shares of Oracle from $73.00 to $77.00 and gave the company an “equal weight” rating in a research note on Wednesday, June 16th. Needham & Company LLC restated a “hold” rating on shares of Oracle in a research note on Tuesday. Stifel Nicolaus lifted their price objective on shares of Oracle from $62.00 to $65.00 and gave the company a “hold” rating in a research note on Wednesday, June 16th. Finally, Piper Sandler lifted their price objective on shares of Oracle from $57.00 to $80.00 and gave the company a “neutral” rating in a research note on Wednesday, June 16th. Two analysts have rated the stock with a sell rating, seventeen have given a hold rating and nine have given a buy rating to the stock. According to MarketBeat, the stock presently has an average rating of “Hold” and an average price target of $80.38.

Shares of Oracle stock traded up $0.51 during trading on Wednesday, hitting $86.90. 106,074 shares of the stock traded hands, compared to its average volume of 11,780,113. The stock has a market cap of $242.62 billion, a P/E ratio of 18.90, a PEG ratio of 2.53 and a beta of 0.80. The company has a debt-to-equity ratio of 12.77, a quick ratio of 2.30 and a current ratio of 2.30. Oracle Co. has a twelve month low of $55.14 and a twelve month high of $91.78. The company has a fifty day moving average price of $88.73 and a two-hundred day moving average price of $80.39.

Oracle (NYSE:ORCL) last announced its quarterly earnings results on Sunday, September 12th. The enterprise software provider reported $1.03 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.97 by $0.06. The business had revenue of $9.73 billion during the quarter, compared to analyst estimates of $9.77 billion. Oracle had a return on equity of 146.83% and a net margin of 33.96%. The firm’s revenue was up 3.8% on a year-over-year basis. During the same period in the previous year, the company earned $0.82 EPS. On average, equities research analysts expect that Oracle Co. will post 4.17 EPS for the current fiscal year.

The business also recently announced a quarterly dividend, which will be paid on Tuesday, October 26th. Investors of record on Tuesday, October 12th will be issued a $0.32 dividend. The ex-dividend date is Friday, October 8th. This represents a $1.28 annualized dividend and a yield of 1.47%. Oracle’s dividend payout ratio (DPR) is currently 30.77%.

In other news, Director Michael J. Boskin sold 37,500 shares of the company’s stock in a transaction that occurred on Friday, June 18th. The stock was sold at an average price of $76.66, for a total transaction of $2,874,750.00. Following the completion of the transaction, the director now directly owns 115,662 shares in the company, valued at $8,866,648.92. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Also, Director Naomi O. Seligman sold 35,000 shares of the company’s stock in a transaction that occurred on Tuesday, August 3rd. The stock was sold at an average price of $87.88, for a total value of $3,075,800.00. Following the transaction, the director now owns 71,724 shares of the company’s stock, valued at $6,303,105.12. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 385,000 shares of company stock valued at $30,231,050. Corporate insiders own 39.10% of the company’s stock.

About Oracle

Oracle Corp. engages in the provision of products and services that address all aspects of corporate information technology environments. It operates through the following business segments: Cloud and License, Hardware, and Services. The Cloud and License segment markets, sells, and delivers applications, platform, and infrastructure technologies.

Further Reading: 52-week highs

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Institutional Ownership by Quarter for Oracle (NYSE:ORCL)

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